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Mortgage brokers 'holding on' (Baltimore Sun) Housing slump has thousands leaving the field Mortgage brokers who haven't fled the industry or been forced out are in survival mode.
The Hurdles on the Way to a Better Insurance In my last several columns, I have discussed a proposal for a new type of mortgage insurance that I think would help solve many of the problems with the current
Mortgage applications fall (Reuters via Yahoo! News) Applications for U.S. home mortgages fell last week, its third consecutive drop, as refinancing activity waned and interest rates reached four-month highs, industry group figures showed on Wednesday.read more...
Bankrate: Mortgage Rates Up Five Weeks in a Row (PR Newswire via Yahoo! Finance) Fixed mortgage rates increased again, with the average 30-year fixed rate mortgage hitting 6.64 percent, according to Bankrate.com's weekly national survey of large lenders. This is the highest since
Citigroup to overhaul troubled US mortgage business (AFP via Yahoo! News) US financial giant Citigroup announced a radical overhaul of its troubled US mortgage business Thursday aimed at stemming multibillion dollars losses triggered by America's housing slump.read more...
C-BASS lured, will buy mortgage banking firm (bizjournals.com via Yahoo! Finance) Credit-Based Asset Servicing and Securitization LLC, also known as C-BASS, said Friday that it will buy mortgage banking company Fieldstone Investment Corp.read more...